Middle East Energy Infrastructure Damage Close to $60 Billion

Middle East Energy Infrastructure Damage Close to $60 Billion

Damage caused to energy infrastructure in Gulf states would cost $58 billion to repair, Rystad Energy estimated this week, suggesting the fallout of the war between the U.S. and Israel, and Iran is more severe than futures market-focused observers would assume, because just two weeks ago, Rystad had calculated the damage at less than half that amount. According to the International Energy Agency’s head, Fatih Birol, more than 80 oil and gas faci…

Gulf War Leaves $58 Billion Repair Bill And Global Equipment Crunch

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Middle East war damage to energy assets may cost up to $58 billion, research firm Rystad says

This estimate has doubled in three weeks, highlighting widespread damage before an April 8 ceasefire. Repair work will redirect existing capacity, causing project delays and global inflation beyond the region.

War on Iran drives regional repair costs toward $58 billion

The recent war involving Iran, the United States, and Israel is emerging not only as a geopolitical flashpoint but also as a massive economic burden for the wider Middle East. According to a detailed analysis by energy intelligence firm Rystad Energy, the total cost of repairing damage inflicted during the conflict could reach as high as $58 billion. This figure underscores the scale of destruction across critical infrastructure, particularly wi…

Gulf War aftermath: $58B repair bill, global equipment shortfall persists

The prolonged disruption and costly repairs highlight the enduring impact on global trade and stability, extending beyond immediate conflicts. The post Gulf War aftermath: $58B repair bill, global equipment shortfall persists appeared first on Crypto Briefing.

Middle East War Damage Costs Could Reach $50 Billion for Oil and Gas Facilities, Rystad Energy Says - Media Talk Africa

The US-Israel military campaign against Iran has driven estimated repair costs for regional oil and gas infrastructure to as much […]Read more at Media Talk Africa